Looking forward to hear some of your thoughts.

nathanmars (71) · 6 years ago (edited)

Thanks for asking valuable question brother!

100% Yes because I'm an entrepreneur and I here for the long term - Lots of people panic because they have no idea what investment actually is!

"Warren Buffett thinks in investing time frames of at least 5 years. But his holding period is preferably much longer… “Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.”

SMT will give business minded people to build killer dApps but most of them will fail. If you're gonna be part of any project then I would strongly advise to see who is person behind the project.
I faced two bear market in crypto and I remember my sentiment during these times. I've high EQ now and I do the opposite of what the majority of people.

I would definitely recommend watch this video because it's worth it !

$3.28

ocupation (68) · 6 years ago

I like to think long run as well, short terms are like fucked up and could eventually cost us forture.
Yeah i've read his book as well as a few documentaries and that guy is fucking genious :D
Always appreciate your feedback man, although i know you're here for the long run, haven't doubted that for a second :)
Some legit statemants were made in this presentation, i was to young to remember "Internet bubble" but i really see this crypto taking over in matter of years. Stay tunned brotha :)

$0.14

done (65) · 6 years ago

If it goes down to $0.05 then I would be even money on what I have left.

$0.15

12 votes

ocupation (68) · 6 years ago

I would dance naked all day if I would see steem around price you've mentioned. Finally I would be a whale haha

meshuga (55) · 6 years ago

Not gonna mention any names but I know this well respected Steem whale that sold his house to become a Steem whale. He bought most of his Steem at the $6.00 level. Even though I know that the market will eventually recover I still feel bad for him.

$0.12

ocupation (68) · 6 years ago

holy shitt this is pretty depressing thing to hear, i guess he'll need to wait a bit longer for market to recover.
I think noone expected so bad situation to come but eventually we'll get there. To be honest i thought that probably all whales became one in the early stage...
Thanks for the info, makes me think twice after making financial decision...

meshuga (55) · 6 years ago

Nope not all whales have been here that early. If you do a bit of research you can see when they've bought in most of their SP.

$0.22

ocupation (68) · 6 years ago

But he had a chance to pull something out when steem reached 8 dollars

mikefriedman (39) · 6 years ago

😱

$0.00

done (65) · 6 years ago

The majority were complaining and talking about failure at the time. Emotionless trading is key.

Start dancing! Steem is about a half a dollar right now. It was once near $9.00 which means it could go there again. If you bought $10,00 worth of steem now and it goes to $9.00, you will have $160,00

A word of caution - if you borrow the money and it goes the other way, you loose the ten and are in a hole. I only invest what I am able to lose.without feeling bad about it. Don't borrow 10k for steem. Not now. Not even if it goes to 0.05.

$0.11

8 votes

ocupation (68) · 6 years ago

Yeah, but at least i would know i've tried, although I do agree that people shouldn't invest everything they've worked for, but 10k dollars ain't something that big that could potentionally turn my life upside down.
I like to think that way and maybe i'm wrong.
To be honest, i don't know which scenario would be worst.
Not investing in something you believe in (and the train passes away), or investing in something you used to believe that goes terrible.

Thanks for a tip :D

$0.22

novacadian (58) · 6 years ago

This will be my 3rd major bear crypro market. Each one was very Darwinian in the sense that by the time things turned bullish many of the shit coins had been removed from exchanges.

We are seeing the same things in terms of users on the steem blockchain. Those only here for the rewards have by and large deserted the platform. My feeling is good riddance to them.

My feeling is that Wall St. has been manipulating the bear market in preparation of the SEC approving one of the many ETF requests for BTC. And as just about everyone knows where BTC goes so goes the crypto market.

Once they have squeezed every BTC that they can from the bear market their pals will approve an ETF which will not only take things to the moon but the outer reaches of the galaxy.

If one is in doubt about manipulation then one need only look at the 7 trillion dollar gold market to think how easy a +/- billion dollar market would be to manipulate.

$0.12

4 votes

ocupation (68) · 6 years ago

If one is in doubt about manipulation then one need only look at the 7 trillion dollar gold market to think how easy a +/- billion dollar market would be to manipulate.

Cant agree more on that, we'll have to wait a bit longer i suppose.
I assumed big players are the ones who are pulling this market down over and over again, fuckng rats.

Thanks for stopping by. 👋

to7 (65) · 6 years ago

I think that I will stick with it. Even when the value is low as it is concerned to the market, it still has value on the platform and is a great time to power up and wait for the next bull run. I'm not sure if SMT will trigger an increase in value. I have not looked into them much but I hope that with SMT will allow DAPPS to decide reward payout out periods and things like that. If DTUBE could allow continuous payouts then that would be a huge step in the right direction for pushing users to create at the top of their game.

$0.12

3 votes

ocupation (68) · 6 years ago

I'll stick to it as well, and there is no a single doubt in my mind.
Yeah if SMT really allows that radical "freedom" for businesses to organize their finance in the way they want it would be freaking awesome.

Thanks for your time 😁

chireerocks (72) · 6 years ago

@ocupation, I became Full Time Steemian, that is because this platform have the ability to give great opportunities to masses. And at this moment no development will move market effectively in my opinion. We are watching that in Crypto Economy Centralised mining is going on and large stake holders selling their Bitcoin to depress the market. But no matter what slowly and steadily this market will rise, and another aspect is, the dominance of Bitcoin should be decreased because at present the Altcoins are dependent on Bitcoin move. But we Crypto Enthusiasts should stay more strong and have to hold the continuing mindset.

Wishing you an great day and stay blessed. 🙂

$0.03

ocupation (68) · 6 years ago

I would be more then glad seeing bitcoin loses dominance over altcoins since i believe this FUD is a result of big players lookin for a better entry point.
Next bullrun will be huge as we just started seeing some legit platforms and businesses that actually work and have great potentional of general usage.
Apreciate your time man, have a nice day as well :)

$0.00